Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$300,188$300,188$733,500
Remaining term (yrs)9.09.030.0
Secondary amount$0$433,312$0
Funding fee$1,501$1,501$0
Note rate2.300%2.300%7.320%
Blended rate2.300%5.520%7.560%
1st payment$3,029.37$3,029.37$5,038.64
2nd payment$0.00$2,798.47$0.00
Taxes / mo$967.83$967.83$967.83
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$146.70
HOA / mo$0.00$0.00$0.00
Total monthly$4,213.87$7,012.34$6,369.84
Cash to close$514,812$81,500$81,500